S.Y. Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank &
Trust Company, with offices in the Louisville, Indianapolis and
Cincinnati metropolitan markets, today announced that its Board of
Directors has declared a quarterly cash dividend of $0.20 per common
share. The dividend will be paid on October 1, 2013, to stockholders of
record as of September 9, 2013.
Separately, the Company noted that the Wilmington Trust Company, trustee
for the 10% fixed-rate cumulative trust preferred securities issued by
S.Y. Bancorp Capital Trust II, a Delaware statutory trust and 100%-owned
finance subsidiary of S.Y. Bancorp, will make a normal quarterly
distribution on the trust preferred securities on or about September 30,
2013. The amount of the quarterly distribution will be $0.25 on each $10
preferred security owned.
Louisville, Kentucky-based S.Y. Bancorp, Inc., with more than $2.26
billion in assets, was incorporated in 1988 as a bank holding company.
It is the parent company of Stock Yards Bank & Trust Company, which was
established in 1904. The Company's common shares trade on the NASDAQ
Global Select Market under the symbol SYBT. The trust preferred
securities of S.Y. Bancorp Capital Trust II also trade on the NASDAQ
Global Select Market under the symbol SYBTP.
Copyright Business Wire 2013